Pennsylvania Gaming Control Board
With hundreds of millions of dollars in revenue from table games and slot machines potentially at stake, the five applicants will make their final pitches to state gambling regulators this week.
But despite another year-to-year increase in table games action, overall revenue at Pennsylvania’s casinos was down slightly in 2013.
John Donnelly, a lawyer representing the casino on Delaware Avenue, argued for standing on the grounds that competition has increased greatly since the state’s gambling law was passed.
For the first time since casinos opened in the state, gross revenues from slot machine play in Pennsylvania for a calendar year were down from the year before.
Presque Isle Casino, in Erie, experienced the biggest drop in gross slots revenue — more than 13 percent — followed by Harrah’s Philadelphia, down almost 10 percent.
The public can’t participate, but can watch the suitability hearings where the casino applicants go before the board and say why their project is better than the rest.
Valley Forge has a Category 3 license, which mandates that patrons must pay at least $10 out of pocket before hitting the casino floor.
“We don’t want any special consideration, but we do want to be fairly covered,” Crawley said today.
Wynn Resorts has withdrawn its licensing application for a second casino in Philadelphia.
The report shows that the “Provence” and “Market 8″ projects proposed for center city and the “Wynn Philadelphia,” proposed for Fishtown, are generally among the top three in several of the categories in the economic impact study.
Pennsylvania casinos reported Wednesday that table games saw a drop of about 3.6 percent in September compared to a year ago, adding to the woes of casino owners after slot machine revenues also saw a decline.
The principals of PHL Local Gaming say they have a head start on their five competitors because CEO and chairman Joe Procacci would use one of his warehouses to house the casino.
That good news must be taken with a grain of salt, however, because table game revenues in April were less than a third of the overall take from slots, which are taxed at a much higher rate.
Gambling regulators say gross revenue from table games at Pennsylvania’s 11 casinos was up 8.9 percent last month when compared to April 2012.
Sugarhouse casino officials say construction should take about two years now that the Pennsylvania Gaming Control Board has approved a revised plan to expand their waterfront casino.